SYLD.TO vs. BTCY.TO
SYLD.TO (Purpose Strategic Yield Fund) and BTCY.TO (Purpose Bitcoin Yield ETF) are both exchange-traded funds - SYLD.TO is a High Yield Bonds fund actively managed by Purpose Investments Inc., while BTCY.TO is a Cryptocurrency fund actively managed by Purpose Investments Inc.. Both are actively managed. Over the past 3 years, SYLD.TO returned 10.24%/yr vs 21.20%/yr for BTCY.TO. At a 0.15 correlation, their price movements are largely independent.
Performance
SYLD.TO vs. BTCY.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SYLD.TO achieves a 3.38% return, which is significantly higher than BTCY.TO's -31.07% return.
SYLD.TO
- 1D
- -0.10%
- 1M
- 0.03%
- 6M
- 2.66%
- YTD
- 3.38%
- 1Y
- 9.54%
- 3Y*
- 10.24%
- 5Y*
- 4.88%
- 10Y*
- —
- ALL TIME*
- 6.24%
BTCY.TO
- 1D
- -1.18%
- 1M
- 9.26%
- 6M
- -32.96%
- YTD
- -31.07%
- 1Y
- -49.71%
- 3Y*
- 21.20%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BTCY.TO Purpose Bitcoin Yield ETF | CA$118.91K | CA$151.16K | CA$233.20K |
SYLD.TO Purpose Strategic Yield Fund | CA$51.46K | CA$69.71K | CA$109.09K |
SYLD.TO vs. BTCY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SYLD.TO Purpose Strategic Yield Fund | 3.38% | 10.15% | 13.23% | 6.84% | -8.64% | 0.66% |
BTCY.TO Purpose Bitcoin Yield ETF | -31.07% | -9.07% | 112.59% | 111.84% | -64.51% | -18.42% |
Correlation
The correlation between SYLD.TO and BTCY.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2021 | 0.15 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SYLD.TO vs. BTCY.TO — Risk / Return Rank
SYLD.TO
BTCY.TO
SYLD.TO vs. BTCY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Strategic Yield Fund (SYLD.TO) and Purpose Bitcoin Yield ETF (BTCY.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SYLD.TO | BTCY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.88 | ||
| Sortino ratioReturn per unit of downside risk | +6.33 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 0.83 | +0.78 |
| Calmar ratioReturn relative to maximum drawdown | 6.91 | -0.88 | +7.80 |
| Martin ratioReturn relative to average drawdown | 27.25 | -1.43 | +28.68 |
Loading charts...
Drawdowns
SYLD.TO vs. BTCY.TO - Drawdown Comparison
The maximum SYLD.TO drawdown since its inception was -32.17%, smaller than the maximum BTCY.TO drawdown of -71.53%. Use the drawdown chart below to compare losses from any high point for SYLD.TO and BTCY.TO.
Loading charts...
Drawdown Indicators
| SYLD.TO | BTCY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.17% | -71.53% | +39.36% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -56.40% | +55.01% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | -56.40% | +53.00% |
Max Drawdown (5Y)Largest decline over 5 years | -9.48% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -51.17% | +50.92% |
Average DrawdownAverage peak-to-trough decline | -2.56% | -33.65% | +31.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 34.80% | -34.45% |
Volatility
SYLD.TO vs. BTCY.TO - Volatility Comparison
The current volatility for Purpose Strategic Yield Fund (SYLD.TO) is 0.61%, while Purpose Bitcoin Yield ETF (BTCY.TO) has a volatility of 11.96%. This indicates that SYLD.TO experiences smaller price fluctuations and is considered to be less risky than BTCY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SYLD.TO | BTCY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 11.96% | -11.35% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 41.53% | -39.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 49.42% | -45.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.49% | 50.84% | -46.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.06% | 50.84% | -40.78% |
Dividends
SYLD.TO vs. BTCY.TO - Dividend Comparison
SYLD.TO's dividend yield for the trailing twelve months is around 5.82%, less than BTCY.TO's 24.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BTCY.TO Purpose Bitcoin Yield ETF | 24.29% | 15.11% | 16.69% | 9.20% | 24.17% | 1.23% | 0.00% | 0.00% | 0.00% |
SYLD.TO Purpose Strategic Yield Fund | 5.82% | 5.85% | 6.07% | 6.45% | 6.46% | 5.56% | 5.91% | 6.13% | 4.70% |
Frequently Asked Questions
SYLD.TO and BTCY.TO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SYLD.TO is categorized as High Yield Bonds, while BTCY.TO is Cryptocurrency.
Find the right allocation for SYLD.TO and BTCY.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer